Plug Power Inc (PLUG)

[Jack_Bolander]

More Bad News :

From another Board:

"Hydrogen as a fuel makes zero sense. The only way in which any of these schemes will make any money is through government subsidies. As soon as the subsidies stop, or if the support is loans instead of grants, so will the hydrogen.
This is an idea that gets floated once a decade, every decade since at least the 70s and is (in the past) quickly slapped back down where it belongs by the laws of thermodynamics, chemistry and material science.
This time there's massive propaganda money pushing it, certainly in the hopes of generating returns in the form government largesse. Also, it is cover for the wind/solar scheme as the public and even some decision makers are finally realizing that there is no viable battery technology that can make up for the unreliable nature of wind and solar on a reliable grid. So after 20 years of promising magic batteries, they've switched to promising magic hydrogen.
H2 is almost impossible to store, it embrittles most materials, it burns with an invisible flame and it has a ridiculously low volumetric energy content, unless one cools it to temperatures not far off of absolute zero.
The round trip ecomonics of hydrogen are breathtakingly terrible.
The only places where H2 generation makes any sense is for the production of ammonia based fertilizers and to use as feedstock for synthetic hydrocarbon fuels. But in those two cases, the H2 must be used in the same facility in which it is produced. The moment you've committed to transport H2, you've lost all economic feasibility."